Many investors breathed a sigh of relief when the Bank of Canada chose to leave the benchmark lending rate unchanged at 5 per cent at its meeting on Sept. 6. But that hasn’t stopped the speculation as to whether the next move will be up or down, and the timing of that move.
Much of the analysis in both camps involves an in-depth scrutiny of the speeches and press releases from the, along with personal opinion masquerading as fact. This may be a useful activity if you are a professional trader with a multimillion-dollar portfolio, but the rest of us need a strategic vision which is a lot less time consuming to absorb.the higher-for-longer camp, and my portfolio view is based on the reversal of a long-term demographic trend known as the dependency ratio.
The dependency ratio is the statistic which best illustrates the impact of the baby boom on the domestic economy. The ratio measures that portion of the population outside the labour force age group as a percentage of the employable population .
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Oil prices fall ahead of more central bank steers on interest ratesOil prices fell in early Asian trade on Thursday after falling by the most in a month in the previous session on U.S. interest rate hike expectations, and ahead of a steer from other central banks on their rate outlooks. The U.S. Federal Reserve left interest rates unchanged on Thursday, but stiffened its hawkish stance with a further rate increase projected by the end of the year, which could dampen economic growth and fuel demand. Federal Reserve policymakers still see the central bank's benchmark overnight interest rate peaking this year in the 5.50%-5.75% range, just a quarter of a percentage point above the current range.
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Oil prices fall ahead of more central bank steers on interest ratesBy Laura Sanicola (Reuters) - Oil prices fell in early Asian trade on Thursday after falling by the most in a month in the previous session on U.S.
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Indonesia central bank stands pat on rates for 8th monthly reviewJAKARTA (Reuters) - Indonesia's central bank left interest rates unchanged for an eight straight month on Thursday, amid renewed pressure on the rupiah ...
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Turkey’s central bank hikes interest rates again in further shift in economic policiesISTANBUL (AP) — Turkey’s central bank raised its key interest rate by 5 percentage points Thursday, another large but expected hike that signals a continued push toward more traditional economic policies under President Recep Tayyip Erdogan. The bank hiked its policy rate to 30%, saying it has kept up the “monetary tightening process” to combat rampant inflation and control price instability. Its statement said inflation in July and August was “above expectations,' hitting 58.94% last month. It
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